Daily Market Commentary Flash Note – 11 September 2020

Currencies

The rand again relinquishes its early gains.

Commodities
Oil headed for its first back-to-back weekly losses since April.
Equities
ECB leaves rates unchanged, adding no further stimulus, weighing on European markets, while tech stocks drag the US markets lower.

 

Date Region Event Actual/Expected/Prior Implications
11/09 UK GDP –/6.7%/8.7% The reopening of the hospitality sector will have a great effect on growth.
11/09 US CPI –/0.3%/0.6%

Set to increase 1.2% on an annual basis.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

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Source: Nedbank

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By | 2020-09-11T09:30:53+02:00 September 11th, 2020|Markets and Research|0 Comments

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